💨 Abstract

The European Union implemented a stringent set of sanctions against Russia, including a lower oil price cap and restrictions on the Nord Stream gas pipelines. The sanctions aim to limit Russia's energy revenues and financial transactions, targeting two Chinese banks and over 100 additional shadow fleet ships. EU foreign policy chief Kaja Kallas emphasized the EU's unwavering support for Ukraine and intensified pressure on Russia. Previous sanctions have affected EU member economies, with Slovakia raising concerns.

Courtesy: WTOP Staff